Article
On equilibrium existence with endogenous restricted financial participation
Journal of Mathematical Economics
(2011)
Abstract
Allowing for durable commodities, we prove equilibrium existence in an abstract incomplete market economy with endogenous restricted financial participation without requiring financial survival assumptions. We apply our results to general financial structures including nominal, real and collateralized asset markets.
Keywords
- Equilibrium,
- endogenous restricted financial participation,
- incomplete markets
Disciplines
Publication Date
2011
Citation Information
Seghir, A. and J. P. Torres-Martínez (2011): "On equilibrium existence with endogenous restricted financial participation", Journal of Mathematical Economics, volume 47, pages 37-42.